Ipreo implements Investor Access initiative

First Published 9th January 2017

First electronic order submission and allocation processed in fixed income new issue - Investors and banks execute a new issue via Ipreo's Investor Access solution.

Bill Sherman, Ipreo

London and New York -
Ipreo, the provider of market intelligence and productivity
solutions, has announced the implementation of Investor
Access, which allows investors to electronically
submit orders directly to the sell-side syndicate banks on
fixed-income new issues.

A 5-year GBP-denominated covered bond
transaction was executed for a Commonwealth Bank of Australia
deal last Thursday, which marks the first time both sell-side and
buy-side participants have conducted the deal process
electronically - including order entry and allocation - on a live
primary issue.

Investor Access allows the investors to be
alerted to new-issue announcements, receive structured
information on deal terms and conditions, submit and manage
orders, and receive electronic notification of allocation and
pricing details, along with other deal-related information such
as the prospectus and final terms.

Investor Access is now available to all banks in
the EMEA region, and work is underway to launch Investor Access
in Asia in 2017.

"This is a very important milestone in the
market evolution towards greater efficiency and reduced risk in
the deal and order communications process," said Bill Sherman,
EVP, Global Markets Group at Ipreo. "The solution has immediate
tangible benefits to the investors, syndicate banks, and issuers.
We're delighted to have been able to facilitate this process and
help make these improvements possible."

Thursday's Commonwealth Bank of Australia deal
was led by CBA, HSB and Nomura.

The Investor Access initiative is the result of
collaboration between a core group of eleven sponsoring banks and
over 100 buy-side participants. The original sponsoring group
includes BNP Paribas, Crédit Agricole CIB, Commerzbank,
Goldman Sachs, HSBC, ING, MUFG, NatWest Markets, Santander,
Societe Generale, and UBS.